Estados financieros detallados de Beacon Financial Corp. (BBT): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Márgenes de los últimos 12 meses: margen bruto 55.8%, margen operativo 13.6%, margen neto 9.9%.
Al precio actual de $31.12, BBT cotiza a un P/E de 23.57 y un ROE del 4.57%. La capitalización bursátil es de $2.6B.
Cuenta de Resultados (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | -$643.2M | $460.7M | $438.3M | $606.5M | $643.4M | $759.3M |
| Coste de Ventas | $168.9M | $37.4M | $53.7M | $239.3M | $286.4M | $371.1M |
| Beneficio Bruto | -$812.1M | $423.3M | $384.7M | $367.3M | $357.0M | $388.2M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $179.3M | $181.3M | $180.8M | $186.6M | $184.9M | $211.5M |
| Gastos Operativos | -$279.1M | $274.3M | $270.9M | $289.0M | $277.5M | $266.4M |
| Beneficio Operativo | -$533.0M | $149.0M | $113.8M | $78.3M | $79.5M | $121.9M |
| EBITDA | -$521.1M | $160.1M | $123.4M | $86.8M | $86.5M | $131.4M |
| Gastos por Intereses | $93.0M | $37.9M | $42.7M | $207.3M | $262.4M | $329.7M |
| Beneficio Antes de Impuestos | -$533.0M | $149.0M | $113.8M | $78.3M | $79.5M | $121.9M |
| Impuestos | -$19.9M | $30.4M | $21.3M | $8.7M | $18.5M | $31.6M |
| Beneficio Neto | -$533.0M | $118.7M | $92.5M | $69.6M | $61.0M | $90.3M |
| BPA | $-5.30 | $1.21 | $1.01 | $0.81 | $0.72 | $1.03 |
| BPA Diluido | $-5.30 | $1.20 | $1.01 | $0.80 | $0.71 | $1.03 |
| Acciones en Circulación (Diluidas) | $100.5M | $99.1M | $91.8M | $87.0M | $85.5M | $87.7M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $228.5M | $309.7M | $290.3M | $319.6M |
| Beneficio Bruto | $57.4M | $188.7M | $180.7M | $214.3M |
| Beneficio Operativo | -$71.9M | $75.2M | $66.0M | $87.0M |
| EBITDA | -$65.9M | $75.2M | $77.6M | $87.0M |
| Beneficio Neto | -$50.2M | $53.4M | $46.2M | $64.4M |
| BPA | $-0.64 | $0.64 | $0.55 | $0.77 |
| BPA Diluido | $-0.64 | $0.64 | $0.55 | $0.77 |
Balance (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | 0 | $327.7M | $383.0M | $133.0M | $543.7M | $2.04B |
| Inversiones a Corto | 0 | $720.9M | $656.7M | $916.2M | $895.0M | $1.69B |
| Cuentas por Cobrar | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $1.97B | $1.05B | $1.04B | $1.05B | $1.44B | $3.73B |
| Inmovilizado Material | $172.7M | $90.9M | $90.9M | $120.7M | $130.3M | $245.3M |
| Fondo de Comercio | 0 | $160.4M | $160.4M | $241.2M | $241.2M | $351.6M |
| Activos Intangibles | $34.8M | $2.3M | $1.8M | $24.2M | $17.5M | $189.6M |
| Activos Totales | $12.87B | $8.60B | $9.19B | $11.38B | $11.91B | $23.22B |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda a Corto | $407.4M | 0 | 0 | 0 | $1.36B | $544.4M |
| Pasivos Corrientes | $7.91B | $7.21B | $6.72B | $8.55B | $10.26B | $20.06B |
| Deuda a Largo | $176.2M | $357.3M | $1.43B | $1.38B | $161.9M | $243.9M |
| Pasivos Totales | $11.68B | $7.61B | $8.19B | $10.18B | $10.68B | $20.72B |
| Reservas | -$233.3M | $342.6M | $412.0M | $438.7M | $458.9M | $485.9M |
| Patrimonio Neto | $1.19B | $995.3M | $992.1M | $1.20B | $1.22B | $2.50B |
| Deuda Total | $645.9M | $377.8M | $1.45B | $1.41B | $1.56B | $879.1M |
| Deuda Neta | $645.9M | -$670.8M | $412.5M | $359.5M | $126.0M | -$2.85B |
| Capital Circulante | -$5.94B | -$6.16B | -$5.68B | -$7.50B | -$8.82B | -$16.33B |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $1.22B | $2.04B | $185.7M | $240.7M |
| Activos Totales | $22.82B | $23.22B | $22.23B | $22.25B |
| Pasivos Totales | $20.41B | $20.72B | $19.72B | $19.71B |
| Patrimonio Neto | $2.41B | $2.50B | $2.50B | $2.54B |
| Deuda Total | $1.17B | $879.1M | $1.17B | $979.5M |
Flujo de Caja (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$513.2M | $115.4M | $109.7M | $75.0M | $68.7M | $90.3M |
| Amortizaciones | 0 | $6.7M | $6.5M | $16.0M | $14.6M | 0 |
| Compensación en Acciones | 0 | $2.8M | $3.4M | $3.7M | $3.4M | 0 |
| Cambio en Capital Circulante | 0 | $6.6M | -$14.3M | -$13.5M | $7.5M | 0 |
| Flujo de Caja Operativo | $231.9M | $133.2M | $120.8M | $116.6M | $105.0M | 0 |
| Inversiones (CapEx) | -$7.2M | -$4.8M | -$7.4M | -$12.4M | -$5.0M | 0 |
| Adquisiciones | 0 | 0 | 0 | -$80.2M | 0 | 0 |
| Recompra de Acciones | -$473000 | -$10.0M | -$13.8M | -$23.8M | -$17.5M | 0 |
| Dividendos Pagados | -$36.6M | -$37.5M | -$40.1M | -$47.9M | -$48.1M | 0 |
| Flujo de Caja Libre | $224.7M | $128.4M | $113.4M | $104.2M | $100.0M | 0 |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $15.4M | 0 | -$13.8M | 0 |
| Inversiones (CapEx) | -$3.5M | 0 | -$2.2M | 0 |
| Flujo de Caja Libre | $11.9M | 0 | -$16.1M | 0 |
| Dividendos Pagados | -$12.0M | 0 | -$27.0M | 0 |
| Compensación en Acciones | $3.5M | 0 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +171.6% | -4.9% | +38.4% | +6.1% | +18.0% |
| Crecimiento Beneficio Neto (anual) | | +122.3% | -22.0% | -24.8% | -12.3% | +48.0% |
| Crecimiento BPA (anual) | | +122.7% | -15.8% | -20.7% | -10.6% | +43.1% |
| Cambio en Acciones (anual) | | -1.4% | -7.3% | -5.2% | -1.7% | +2.5% |
| Crecimiento FCF (anual) | | -42.8% | -11.7% | -8.1% | -4.1% | -100.0% |
| Margen Bruto | 126.3% | 91.9% | 87.8% | 60.6% | 55.5% | 51.1% |
| Margen Operativo | 82.9% | 32.3% | 26.0% | 12.9% | 12.4% | 16.0% |
| Margen EBITDA | 81.0% | 34.7% | 28.2% | 14.3% | 13.4% | 17.3% |
| Margen Neto | 82.9% | 25.8% | 21.1% | 11.5% | 9.5% | 11.9% |
| Margen FCF | -34.9% | 27.9% | 25.9% | 17.2% | 15.5% | 0.0% |
| Tasa Impositiva Efectiva | 3.7% | 20.4% | 18.7% | 11.1% | 23.3% | 25.9% |
Datos por Acción (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $2.23 | $1.30 | $1.23 | $1.20 | $1.17 | $0.00 |
| Dividendo por Acción | $0.36 | $0.38 | $0.44 | $0.55 | $0.56 | $0.00 |
| Acciones en Circulación (Básicas) | $100.5M | $98.5M | $91.1M | $86.6M | $85.0M | $87.4M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | 4.57% |
| Rentabilidad sobre capital invertido | 0.51% |
| Rentabilidad sobre activos | 0.51% |
| Margen bruto | 55.85% |
| Margen operativo | 13.61% |
| Margen neto | 9.91% |
Salud financiera
| Deuda / Patrimonio | 0.39 |
| Ratio corriente | 0.00 |
| Piotroski F-Score | 4 |
| Altman Z-Score | -0.70 |
Ratios Clave (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -3.23 | 23.59 | 29.46 | 30.83 | 39.49 | 25.60 |
| P/VC | 1.45 | 2.81 | 2.75 | 1.79 | 1.98 | 0.92 |
| P/V | -2.68 | 6.08 | 6.22 | 3.54 | 3.76 | 3.03 |
| Margen Bruto | 126.3% | 91.9% | 87.8% | 60.6% | 55.5% | 51.1% |
| Margen Operativo | 82.9% | 32.3% | 26.0% | 12.9% | 12.4% | 16.0% |
| Margen Neto | 82.9% | 25.8% | 21.1% | 11.5% | 9.5% | 11.9% |